| A. without active option trading | Mean | Median | Std. Dev | Min | Max | Observations |
| 1 + R & D/Sales | 1.010 | 1.004 | 0.018 | 1.000 | 1.148 | 119 |
| Firm age | 25.728 | 26.449 | 10.290 | 1.940 | 36.934 | 119 |
| Institutional Holding percentage | 0.430 | 0.425 | 0.157 | 0.100 | 1.000 | 119 |
| Equity dividend as % of PAT | 17.568 | 10.050 | 25.693 | 0.000 | 159.150 | 119 |
| R & D (% of Total Assets) | 0.010 | 0.004 | 0.018 | 0.000 | 0.148 | 119 |
| Return on total assets | 8.972 | 8.360 | 5.547 | -0.500 | 34.110 | 119 |
| Financial Leverage | 0.393 | 0.140 | 0.693 | 0.000 | 6.140 | 119 |
| ESOP Dummy | 0.328 | 0.000 | 0.471 | 0.000 | 1.000 | 119 |
| Cross Listing | 0.084 | 0.000 | 0.279 | 0.000 | 1.000 | 119 |
| Firm Specific Return Variation | 0.303 | 0.128 | 0.557 | 0.001 | 4.807 | 119 |
| 365 days Returns Volatility | 2.103 | 2.030 | 0.515 | 0.950 | 3.940 | 119 |
| Market Capitalization | 8.629 | 8.537 | 0.800 | 6.861 | 11.073 | 119 |